1) Jones Company produces a variety of electronic equipment. One of its plants makes two laser printers - a deluxe and a standard. At the beginning of the year, the following data were prepared for this facility: Deluxe Regular Quantity 200,000 800,000 Selling Price $875 $600 Direct Materials $350 $300 Labor $150 $100 In addition, the following information was provided so that overhead costs could be assigned to each product: Deluxe Regular Activity Name Activity Driver Setups Number of Setups Machining Machine Hours 150 100 Activity Cost $2,500,000 $40,000,000 50,000 150,000 Engineering Hours 25,000 50,000 $300,000 Engineering Packing Packing Orders 200,000 600,000 $160,000 Calculate overhead rates for each activity. Round to two decimal places. (5 points) Calculate per-unit product cost for each product. Round to nearest dollar (5 points) Calculate the contribution margin and contribution margin % for each product (5 points)